Bill introduced to end lawmakers’ pensions

Rep. Mike Coffman, R-Colo., today announced that he will introduce a bill when Congress returns that does away with lawmakers’ future defined benefit pension plan. The bill wouldn’t touch any pension benefits accrued before its passage — or their Social Security and Thrift Savings Plan benefits — but going forward, no current lawmaker would add to the value of his pension, and future lawmakers would get no pension whatsoever.